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DURANT DEVELOPMENT CORPORATION

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Public IRS 990 nonprofit record

DURANT DEVELOPMENT CORPORATION

EIN 42-1324829

What they do

THE DURANT DEVELOPMENT CORPORATION WAS ESTABLISHED WITH THE PURPOSE to ENCOURAGE, ASSIST, MAINTAIN, and DEVELOP IN and for THE CITY of DURANT and SURROUNDING AREA, INDUSTRIAL and BUSINESS PROJECTS of SUCH CHARACTER AS WILL ENLARGE EMPLOYMENT OPPORTUNITIES and AID THE GROWTH and DEVELOPMENT of THE CITY of DURANT and THE SURROUNDING AREA. THE ORGANIZATION DOES THIS THROUGH THE FOLLOWING ACTIVITIES: 1. RESEARCHING and LOCATING DESIRABLE NEW BUSINESSES for ESTABLISHMENT and DEVELOPMENT IN DURANT. PRESENTING OUR COMMUNITY AS A GOOD PLACE for THE COMPANIES to LOCATE or EXPAND. WE ACCOMPLISH THIS BY GATHERING INFORMATION ABOUT INFRASTRUCTURE, SITE AVAILABILITY and PRICING, COMPARATIVE WAGE SCALES and SIMILAR FACTS ABOUT OUR COMMUNITY to PRESENT to DEVELOPMENT PROSPECTS. THIS WORK is DONE BY VOLUNTEER BOARD MEMBERS. 2. ATTEMPTING to BRING AVAILABLE LAND UNDER CONTROL SO WE CAN MARKET THE LAND to PROSPECTS AT AN ATTRACTIVE PRICE. WE ACCOMPLISH THIS BY RESEARCHING AVAILABLE LAND, and NEGOTIATING

Before you give

Should I give to this charity?

Easy charity check
The spending raises an important question

Of every $100 spent, about $9.10 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

0.61%of revenue went to mission work9.1% of expenses · Program services
$6.68spent for every $100 of revenueRevenue covered expenses this year.
6.07%of revenue went to management and office costs90.9% of expenses
$1,379.78in assets for every $1 spent this yearSome assets cannot be spent right away.
113.9%of its money came from giftsOther money may come from services or investments.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$14,045
Mission workProgram services$850.61% of revenue9.1% of expenses
ManagementOffice and general costs$8536.07% of revenue90.9% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$13,10793.32% of revenueShown in gray on the chart
Total expenses$9386.68% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 9.1% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2025CurrentExpense mix: 9.1% mission · 90.9% management · 0.0% fundraisingTotal expenses: 6.68% of revenue
2024Expense mix: 55.8% mission · 44.2% management · 0.0% fundraisingTotal expenses: 3.18% of revenue
2023Expense mix: 22.6% mission · 77.4% management · 0.0% fundraisingTotal expenses: 5.48% of revenue
2022Expense mix: 83.3% mission · 16.7% management · 0.0% fundraisingTotal expenses: 9.99% of revenue
2021Expense mix: 80.5% mission · 19.5% management · 0.0% fundraisingTotal expenses: 6.43% of revenue
2020Expense mix: 85.8% mission · 14.2% management · 0.0% fundraisingTotal expenses: 3.82% of revenue
2019Expense mix: 80.7% mission · 19.3% management · 0.0% fundraisingTotal expenses: 38.63% of revenue
2018Expense mix: 94.7% mission · 15.4% management · 0.0% fundraisingTotal expenses: 36.65% of revenue

Money in and money out

Revenue$14,045
Expenses$938
Annual surplus $13,107 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$85 · 9.1% of expenses
Management and office costs$853 · 90.9% of expenses
See all reported dollar amounts
Revenue$14,045
Expenses$938
Assets$1,294,236
Income$45,265
Contributions$16,000
Mission work (program services)$85
Management and general$853
Accounting fees$540
People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (6)

BRAD WITTVICE PRESIDE

DAN ALPENPRESIDENT

DELMAR FRICKDIRECTOR

GARY PAPERDIRECTOR

MICHAEL R HEINSECRETARY/TR

TOM COMPTONDIRECTOR

About this charity

Recognized since
January 1990
Location
502 8TH AVE, DURANT, IA 52747-7706
County
Cedar
In care of
MICHAEL R HEIN
Primary officer
MICHAEL R HEIN, SECRETARY/TREAS

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
Tax preparer
LATTAHARRIS LLP

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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